The Anatomy of Racial Inequality
Speaking wisely and provocatively about the political economy of race, Glenn Loury has become one of our most prominent black intellectuals--and, because of his challenges to the orthodoxies of both left and right, one of the most controversial. A major statement of a position developed over the past decade, this book both epitomizes and explains Loury's understanding of the depressed conditions of so much of black society today--and the origins, consequences, and implications for the future of these conditions.
Using an economist's approach, Loury describes a vicious cycle of tainted social information that has resulted in a self-replicating pattern of racial stereotypes that rationalize and sustain discrimination. His analysis shows how the restrictions placed on black development by stereotypical and stigmatizing racial thinking deny a whole segment of the population the possibility of self-actualization that American society reveres--something that many contend would be undermined by remedies such as affirmative action. On the contrary, this book persuasively argues that the promise of fairness and individual freedom and dignity will remain unfulfilled without some forms of intervention based on race.
Brilliant in its account of how racial classifications are created and perpetuated, and how they resonate through the social, psychological, spiritual, and economic life of the nation, this compelling and passionate book gives us a new way of seeing--and, perhaps, seeing beyond--the damning categorization of race in America.
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A monopolistic situation is one in which a single observing agent (or a quite small
number) acts on a population of ... monopolistic observer might upon reflection
become aware of how his behavior (the use of racial markers to formulate ...
That is, a monopolistic observer might try to take into account the incentive effects
sketched earlier so as to improve the equity and the efficiency of the subject-
observer interactions. But this would not be possible for a competitive observer.
THE ANATOMY OF RACIAL INEQUALITY observers who have "the power to
create facts" not learn and intervene? ... Now, if a monopolistic observer believes
mainly the first account, he will see the racially disparate outcome as being ...